Property Overview
This 1976-built, one-storey home on a large 7,386 sqft lot in Eric Coy offers solid value and space. Its key appeal lies in its generous, private yard—a rarity in many newer subdivisions—paired with a practical, fully finished basement and attached garage. With 1,315 sqft of living space, it provides comfortable single-level living. The home’s rankings suggest it is a competitively sized and valued property within Winnipeg overall, though it is more average within its immediate neighborhood. It would particularly suit first-time buyers, downsizers seeking minimal stairs, or practical investors looking for a home with rental potential (subject to verification), all of whom would value the low-maintenance layout and the lot's potential for gardening, play, or future expansion.
Key Details & Questions
What are the less obvious pros and cons of this property?
Beyond the finished basement and large lot, a less obvious advantage is the established neighborhood character with mature landscaping. A consideration is the home's age (50 years); while systems may be functional, budgeting for potential updates to roofing, windows, or mechanicals is prudent.
How does the lot size compare, and what can I do with it?
At over 7,300 sqft, the lot is significantly larger than many modern properties. This allows for ample outdoor living space, gardening, or the potential for additions like a shed or deck, subject to city bylaws.
What does the "rankings" data actually mean?
The rankings compare this home against others on its street, in Eric Coy, and across all Winnipeg for metrics like size, age, and assessed value. For example, being in the top 14% for lot size city-wide highlights its standout feature, while more average rankings within the community suggest its value is in line with local expectations.
Is the finished basement legal?
The listing states the basement is finished but does not specify if it is a legal suite or has separate egress/utilities. This is a critical point to verify with the seller and the city if income potential or specific legal compliance is a priority.
What is the neighborhood of Eric Coy like?
Eric Coy is a mature, established neighborhood in Winnipeg. It typically offers a mix of long-term residents and younger families, drawn by larger lots, park access, and community schools. It’s advisable to visit at different times to gauge traffic and neighborhood activity.